What is Allora (ALLO)? Project number 58 on the HODLer Airdrops page. How to receive Airdrop by holding BNB

Binance announces project number 58 on the HODLer Airdrops page is Allora (ALLO).

Allora (ALLO) is a decentralized, self-improving AI network.

In this article, we will explore the Allora (ALLO) project and how to receive Airdrop by holding $BNB on Binance.

1) What is Allora (ALLO)?

Allora is an AI layer that synthesizes multiple models into a smarter and more flexible system. Models compete and cooperate to generate optimal answers, while being rewarded accordingly.

Allora serves as the new AI standard for DeFi and AI agents, creating a faster, more accurate, and reliable financial system compared to using a single model. Just set a goal; the network will self-select the appropriate model and provide the best outcome.

Thanks to real-time prediction signals, Allora helps businesses in various industries make quicker and more effective decisions. The network provides a way to bring advanced ML models on-chain so that users can access prediction results and pay for operational nodes.

AI/ML agents in Allora both submit predictions and evaluate each other's predictions, aggregating predictions, scoring quality, and distributing corresponding rewards. Through this incentive mechanism, Allora continuously learns, improves, and adapts to the market.

2) The operational model of Allora

- Worker: This is the group of people who will provide AI/ML predictions for the network. These predictions may directly relate to the subject that the network topic is generating or assess the quality of other workers' predictions. This will help the network aggregate and improve predictions.

- Reputer: This is the group that will evaluate the quality of predictions provided by workers by comparing them with actual data (if available) and quantifying the contribution of these predictions to the overall network prediction.

- Validator: This is the group that will operate the infrastructure of Allora Network. They stake on worker nodes based on their trust in the capabilities of these workers to ensure the stability and security of the network while supporting the operation of other applications on the network.

- Consumer: This group of people will request predictions from the network and pay for these predictions with ALLO tokens. They will provide demand and create incentives for workers and reputers to improve the quality of predictions.

3) Highlights of Allora

Let's take a look at some highlights of Allora:

• AI and decentralized machine learning: Allora Network leverages decentralized AI/ML to facilitate on-chain predictions, ensuring transparency and accessibility across the network.

• Incentive mechanism: The network rewards AI/ML agents based on the quality of predictions, promoting continuous learning and adaptation to market conditions.

• Peer-to-peer network: AI/ML agents broadcast predictions through a peer-to-peer network, using consensus mechanisms to ensure accuracy and reliability.

• Integration with Eliza Agents: The Allora Network plugin for Eliza enables seamless integration with Allora's AI platform, providing real-time predictions without complex infrastructure.

• Real-time predictions: Providing real-time insights, including market trends and price forecasts, for developers and data scientists.

4) Allora's products

Let's take a look at some of Allora's products:

• Prediction feed

• Repeater agents

• Dynamic funding rate

• Yield optimization strategy

5) The use of Token $ALLO

• Inference purchase: ALLO tokens are used to purchase inferences generated by the network. The network uses a Pay-What-You-Want (PWYW) model, allowing users to choose the fee they wish to pay for an intervention. This encourages inclusivity and allows users to price based on their perception of the service.

• Create and Participate in Topics: Tokens are required to create a topic or participate as a user in the network. This includes paying fees for users and reputable users to engage in specific topics, contributing to the network's intelligence and maintaining its decentralization.

• Staking and Delegated Staking: Token holders and network validators use ALLO tokens to stake. Token holders can delegate their staking to other token holders or network validators, which is crucial for the security and integrity of the network. Rewards are distributed to those who stake or delegate their tokens.

• Reward distribution: ALLO tokens are used to reward participants, including workers, reputable users, and validators. The reward system incentivizes contributions that enhance the accuracy and reliability of the network, with participants receiving rewards based on their performance and contributions.

6) Investors

Investors in Allora Labs include major names such as Polychain Capital, Framework Ventures, CoinFund, Blockchain Capital, Archetype, Slow Ventures, Mechanism Capital, and Delphi Digital.

• Seed: $1.25 million led by Blockchain Capital; FDV = $25 million

• Round A1: $7.5 million led by Framework Ventures, Blockchain Capital, and CoinFund; FDV = $60 million

• Round A2: $22 million led by Polychain Capital; FDV = $220 million

• Strategic round: $3 million from strategic angel investors; FDV = $220 million

7) Allocation and release schedule

Token allocation

• Network Emissions ~ 21.45%

• Foundation ~ 9.35%

• Community ~ 9.30%

• Ecosystem & Partnerships ~ 8.85%

• Allora Prime Staking Rewards ~ 2.50%

• Early Backers ~ 31.05%

• Core Contributors ~ 17.50%

Token release schedule:

8) Details about the ALLO HODLer Airdrop

• Token Name: Allora (ALLO)

• Total Token supply: 785,499,999 ALLO

• Maximum Token supply: 1,000,000,000 ALLO

• HODLer Airdrop Token rewards: 15,000,000 ALLO (1.50% of total Token supply)

• An additional 20,000,000 ALLO will be allocated for future marketing campaigns 6 months later.

• Circulating supply at listing on Binance: 200,500,000 ALLO (20.05% of total Token supply)

9) What are Binance HODLer Airdrops?

Binance's HODLer Airdrop rewards are exclusive token rewards for BNB holders based on historical snapshots of their BNB balances in flexible or locked Simple Earn products. By registering BNB in On-Chain Yields, users automatically qualify for HODLer Airdrops and Launchpool rewards.

Benefits of HODLer Airdrops:

- Passive rewards: Earn rewards based on the amount of BNB held in the past.

- Eligibility for multiple rewards: Eligible for Launchpool, Megadrop, and HODLer Airdrops simultaneously.

- Convenience: Snapshots are taken hourly, ensuring fair distribution.

How to participate in HODLer Airdrops:

- Go to the [EARN] section on Binance.

- Search for BNB and register for flexible or locked Simple Earn products.

- Binance will automatically calculate and rewards will be distributed to eligible Spot Wallets within 24 hours after the Airdrop announcement.

10) Summary

Allora (ALLO) is a significant advancement in decentralized AI, creating a self-improving network that synthesizes intelligence from multiple parties through contextual awareness and customizable incentive mechanisms. Through this article, you should have gained some basic information about the Allora (ALLO) project to form your own opinion.

VIEW DETAILED ANNOUNCEMENT HERE!

Disclaimer: The information above is for reference only and is not financial advice or investment counsel.